SEPC Secures Rs 6,733.2 mn SAIL Order for IISCO Expansion

22 Jun 2026 CW Team

SEPC (formerly Shriram EPC) has secured an order worth Rs 6,733.2 mn from Steel Authority of India (SAIL) for expansion of the IISCO Steel Plant in Burnpur, West Bengal. The contract will be executed across two packages and is quoted to run for 30 to 33 months under SAIL's four point zero eight mn t per annum crude steel expansion project. The company disclosed the award in a regulatory filing and stated the aggregate contract value is net of taxes.

The first package, designated COB-3, is valued at Rs 2,967.7 mn and covers a Coke Oven Balance of Plant scope excluding civil and structural works. The second package, designated SP-2, is valued at Rs 3,765.6 mn and relates to a Sinter Plant balance of plant scope that includes civil and structural works. Both packages form part of the same expansion programme under the SAIL project.

IISCO Steel Plant in Burnpur is one of SAIL's integrated steel facilities and the expansion forms part of the state firm's capacity scale-up measures aimed at increasing crude steel output. SEPC has built a book of orders across water and wastewater treatment, roads, industrial infrastructure, and mining segments and the firm has been active in securing industrial infrastructure contracts. The contract represents the latest infrastructure award for the engineering and construction player.

Venkataramani Jaiganesh, managing director of SEPC, described the win as evidence of public sector confidence in the company's engineering and execution capabilities and said the order would strengthen the firm's order book and revenue visibility. Financial filings show SEPC reported total income of Rs 10,858 mn for the financial year ended 2026, up from Rs 6,460 mn a year earlier, with net profit for the year at Rs 535 mn and EBITDA of Rs 1,089 mn. The company will proceed with project mobilisation and execution while monitoring timelines and regulatory clearances.

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